Archive for month: August, 2016

July 2016

Cyclical summer slowdown softens sales in the short term on the Sunshine Coast BC. Overall, residential property sales moved at a steady pace for the month of July 2016 with number of units sold totaling 137.

The ceaseless climb of sales activity was confirmed with a total dollar volume of $62,166,587 up 29% over the same period last year and a sales success ratio of 20.5%. The average price of a residential property held steady at $453,770.

Inventory levels grew reaching 668 total properties for sale with 184 newly listed homes for sale in July. The average days on market were 52.

Detached Home Sales

Detached home sales dollar volume for the month of July 2016 on the Sunshine Coast sank 30% to $40,436,497 from last month. Similarly, unit sales dropped to just 76 sales.

The average price of a detached home fell 8% to $532,059 since last month.

The number of homes for sale jumped 10% to 310 units along with 76 homes sold for a sales success ratio of 25%.

Condo, Townhome and Apartment Home Sales

Condo, townhome and apartment sales held steady for the month of July on the Sunshine Coast with 20 units sold totaling $6,416,450. The number of active attached homes for sale remained even at 70 units with a sale success ratio of 28%.

Prices continued a steady climb with the average price of an apartment, condo and townhome inching up 4% on the Sunshine Coast BC to $321,595 compared to last month.